Jim Cramer: Don't Be Shocked by Walmart
Walmart has said this is the year it's making investments in the company, so Jim Cramer is giving the retailer a pass on its not-too-thrilling earnings report.
Walmart's (WMT) - Get Report earnings report shouldn't surprise investors, said the TheStreet's Jim Cramer. The company's CEO has already explained that this year the focus is on investment, Cramer noted. Cramer said he is giving the retailer a pass on its latest earnings report. He thinks Walmart's recent acquisition of Jet.com will help it better compete against Amazon (AMZN) - Get Report . In its latest quarter, Walmart reported a drop in profits, and revenue gains were less than some on Wall Street expected.
